Interest rates on 30-year fixed rate mortgages continued to slide last week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse, while rates on 15-year fixed rate mortgages and ARMs remained stable.

Fixed Rate Mortgages as of October 3, 2011:

The average home loan rates offered for 30 year fixed rate mortgages was 4.23 percent (4.39% APR), which was down from 4.34 percent posted the previous week.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.50 percent (3.62% APR), which was unchanged from the week before.

The average home loan rates offered for 15 year fixed rate mortgages was 3.65 percent (3.84% APR), which remained unchanged from the previous week

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.23% APR), which was up from 2.875 the week before.

Adjustable Rate Mortgages as of October 3, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages was 3.22 percent (3.32% APR), which remained unchanged from last week.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.03% APR), which was unchanged from the week before.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 10/3/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.50% (3.62% APR)

69.8%

33.5%

Alabama

3.63% (3.75% APR)

68.0%

29.5%

Alaska

3.63% (3.75% APR)

65.8%

19.5%

Arizona

3.63% (3.75% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.63% (3.75% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR)

67.3%

38.8%

District of Columbia

3.63% (3.75% APR)

58.6%

26.8%

Florida

3.63% (3.75% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.87% APR)

72.4%

32.3%

Indiana

3.50% (3.60% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.87% APR)

70.3%

32.2%

Kentucky

3.63% (3.75% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.63% (3.75% APR)

70.3%

25.9%

Massachusetts

3.75% (3.88% APR)

61.9%

47.0%

Michigan

3.63% (3.75% APR)

84.0%

33.4%

Minnesota

3.75% (3.88% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.63% (3.75% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.75% (3.86% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.50% (3.62% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.63% (3.75% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.91% APR)

69.8%

19.9%

Pennsylvania

3.63% (3.75% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.63% (3.75% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.63% (3.75% APR)

71.6%

29.9%

Texas

3.63% (3.75% APR)

68.1%

31.6%

Utah

3.75% (3.87% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Interest rates on 30-year fixed rate mortgages continued to slide last week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse, while rates on 15-year fixed rate mortgages and ARMs remained stable.

Fixed Rate Mortgages as of October 3, 2011:

The average home loan rates offered for 30 year fixed rate mortgages was 4.23 percent (4.39% APR), which was down from 4.34 percent posted the previous week.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.50 percent (3.62% APR), which was unchanged from the week before.

The average home loan rates offered for 15 year fixed rate mortgages was 3.65 percent (3.84% APR), which remained unchanged from the previous week

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.23% APR), which was up from 2.875 the week before.

Adjustable Rate Mortgages as of October 3, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages was 3.22 percent (3.32% APR), which remained unchanged from last week.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.03% APR), which was unchanged from the week before.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 10/3/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.50% (3.62% APR)

69.8%

33.5%

Alabama

3.63% (3.75% APR)

68.0%

29.5%

Alaska

3.63% (3.75% APR)

65.8%

19.5%

Arizona

3.63% (3.75% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.63% (3.75% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR)

67.3%

38.8%

District of Columbia

3.63% (3.75% APR)

58.6%

26.8%

Florida

3.63% (3.75% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.87% APR)

72.4%

32.3%

Indiana

3.50% (3.60% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.87% APR)

70.3%

32.2%

Kentucky

3.63% (3.75% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.63% (3.75% APR)

70.3%

25.9%

Massachusetts

3.75% (3.88% APR)

61.9%

47.0%

Michigan

3.63% (3.75% APR)

84.0%

33.4%

Minnesota

3.75% (3.88% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.63% (3.75% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.75% (3.86% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.50% (3.62% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.63% (3.75% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.91% APR)

69.8%

19.9%

Pennsylvania

3.63% (3.75% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.63% (3.75% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.63% (3.75% APR)

71.6%

29.9%

Texas

3.63% (3.75% APR)

68.1%

31.6%

Utah

3.75% (3.87% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Interest rates on 30-year fixed rate mortgages continued to slide last week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse, while rates on 15-year fixed rate mortgages and ARMs remained stable.

Fixed Rate Mortgages as of October 3, 2011:

The average home loan rates offered for 30 year fixed rate mortgages was 4.23 percent (4.39% APR), which was down from 4.34 percent posted the previous week.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.50 percent (3.62% APR), which was unchanged from the week before.

The average home loan rates offered for 15 year fixed rate mortgages was 3.65 percent (3.84% APR), which remained unchanged from the previous week

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.23% APR), which was up from 2.875 the week before.

Adjustable Rate Mortgages as of October 3, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages was 3.22 percent (3.32% APR), which remained unchanged from last week.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.03% APR), which was unchanged from the week before.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 10/3/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.50% (3.62% APR)

69.8%

33.5%

Alabama

3.63% (3.75% APR)

68.0%

29.5%

Alaska

3.63% (3.75% APR)

65.8%

19.5%

Arizona

3.63% (3.75% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.63% (3.75% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR)

67.3%

38.8%

District of Columbia

3.63% (3.75% APR)

58.6%

26.8%

Florida

3.63% (3.75% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.87% APR)

72.4%

32.3%

Indiana

3.50% (3.60% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.87% APR)

70.3%

32.2%

Kentucky

3.63% (3.75% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.63% (3.75% APR)

70.3%

25.9%

Massachusetts

3.75% (3.88% APR)

61.9%

47.0%

Michigan

3.63% (3.75% APR)

84.0%

33.4%

Minnesota

3.75% (3.88% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.63% (3.75% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.75% (3.86% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.50% (3.62% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.63% (3.75% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.91% APR)

69.8%

19.9%

Pennsylvania

3.63% (3.75% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.63% (3.75% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.63% (3.75% APR)

71.6%

29.9%

Texas

3.63% (3.75% APR)

68.1%

31.6%

Utah

3.75% (3.87% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.